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2016 (2) TMI 1080 - AT - Service TaxReversal of CENVAT credit - during the course of manufacture of sugar, bagasse comes into existence, Revenue took a view that bagasse is a manufactured product and inasmuch as the same is being cleared without payment of duty, the assessee is required to reverse a particular percentage of the credit so availed by them in terms of the provisions of Rule 6(3) of CCR - Held that: - the issue is no longer res integra. The Honble Allahabad High Court in the case of Gularia Chini Mills Vs UOI & Others [2013 (7) TMI 159 - ALLAHABAD HIGH COURT] has struck down the Boards Circular and has held that there is no cause for payment of any amount of CENVAT credit in terms of Rule 6(3) of CENVAT Credit Rules 2004 - appeal dismissed - decided against Revenue.
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